In Bangladesh Perspective” MD. ROKY HASAN ID : 17102508
BIJOY DUTTA ID: 17102528
MD. ISMAIL HOSSAIN
ID : 17202533 INTRODUCTION We live in an era of interesting changes and challenges. Information technology is defining our modes of life and ways of thinking. AIS have truly become information systems for decision making and control because of increasing applications of information technology. Definition of Accounting Information System : An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer- based method for tracking accounting activity in conjunction with information technology resources. The efficient and effective collection and storage of data. To supply information useful for making decisions. To make sure controls are in place to accurately record and process data. An accounting information system is typically comprised of several modules Accounts payable Accounts receivable Inventory Payroll General ledger Reporting The Reliability of Accounting Information Systems Security - Access to the system and its data is controlled and limited only to those authorized. Confidentiality - The protection of sensitive information from unauthorized disclosure. Privacy - The collection, use, and disclosure of personal information about customers is done in an appropriate manner. Processing integrity - The accurate, complete, and timely processing of data done with proper authorization. Availability - The system is available to meet operational and contractual obligations. Benefits/Importance of Accounting Information System Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper journals or adding up long columns--computer software does that for you, error-free. Thanks to reasonably priced hardware and software, even small businesses can benefit from computerized accounting. FINDINGS OF THE STUDY There are no any separate AIS department in many organization. We found that many organizations have maintained a website but they did not maintain web-based transaction. System mainly the organization follows both combined of both manual and computerized. We found the Methods of Accounting System used in organization is combination of accrual and cash. Most Organization’s AIS is flexible and cost beneficial. RECOMMENDATION Most of our financial institutions only have partial application of the AIS but in fact, they have no unified AIS. So they should develop their overall AIS.
Organization should give more emphasis on internal
control system, safeguarding of assets and information generation.
In comparing with the developed world our financial
institution should more emphasis on web based transaction. Conclusion
At the end of the report we can say an Accounting
Information System (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators and tax agencies. Thank You & Take Care